SUPPLIER DIVERSITY are critical to the health of commerce and economies . Oswold highlights the importance of understanding that “ diverse populations start more businesses than majority groups , and these businesses are spread across all industries and located throughout the US ”.
“ Buying from diverse businesses also brings incredible value to companies . At UPS , customers expect the company to value diversity and take actions that
“Employees expect companies to address inequities , with both current and potential employees thinking more favourably of brands that are committed to supplier diversity ”
KRIS OSWOLD VICE PRESIDENT OF GLOBAL SUPPLIER DIVERSITY , UPS drive economic equity . Data shows that , when a customer becomes aware of the supplier diversity , their perception of the UPS brand and likelihood to purchase from UPS improves .
“ Additionally ,” she continues , “ employees expect companies to address inequities , with both current and potential employees thinking more favourably of brands that are committed to supplier diversity .”
All of this is , of course , in addition to the benefits of finding great new suppliers : “ Diverse companies are often more flexible , innovative , and efficient – they just need the opportunity to show what they can do .”
How supplier diversity relates to ESG and sustainability Oswold highlights that supplier diversity is an integral part of building longterm success . “ Combatting forms of ignorance and hate is part of what must be done to help ensure employees , customers and suppliers have the inclusive and equitable communities they need to thrive .”
Today , driving ESG initiatives across
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